UAE ranked 12th as most competitive country internationally

Under the leadership of Sheikh Khalifa, economy in UAE is continuously developing. UAE is the 12th most competitive country internationally ahead of improved economies such as South Korea, Canada and Denmark.

UAE ranked 12th as most competitive country internationally

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, confirms that the UAE under the leadership of the President His Highness Sheikh Khalifa bin Zayed Al Nahyan, is moving forward progressively across growth indicators, reflecting the regions where economy is succeeding remarkably, safety and steadiness indicators are among the best in the world and the interests of their people is their first main concern.

His Highness’s remarks came in the wake of the results of the Global Competitiveness Report delivered by the World Economic Forum in 2014- 2015 in which the UAE advances 7 places in the whole competitiveness of its economy in just one year, becoming the 12th most competitive country internationally.

Overall, the UAE improved its performance in 78 indicators out of 114. The UAE proved major achievement in all overarching posts of the report, over the last year.

The UAE places high value on the private division and investors and has insistently tried to guarantee a protected situation in which to do businesses. A reality that was borne out by the information which indicates that the UAE is among the most secure locations to do business, not just in the Middle East, but certainly, worldwide.

The UAE’s outstanding accomplishment can be credited to the thriving policies and extent of industries which have formed a talented, extremely diverse, steady, and competitive business environment across the country.

This is complemented by normally high degree of trust in administration and security and protection in the UAE. Jointly these aspects have given UAE a reasonable advantage over most other nations.